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Economy

IE Industrial market stays hot

IE manufacturing

The Inland Empire’s industrial market maintained its torrid pace during the first quarter of 2022, as inventory grew a little more than 618 million square feet during that time. At the same time, industrial vacancy in Riverside and San Bernardino counties fell to 0.6 percent, a record low and the …

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State job market stays strong

California added 60,200 non-agricultural jobs in March, dropping the state’s total unemployed to below one million for the first time since February 2020, one month before the pandemic hit the United States, according to data released today. The state’s unemployment rate fell to 4.9 percent last month, well below the …

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San Bernardino County labor force tops one million

Michael's to hire 20,000 seasonal holiday employees

San Bernardino County’s labor force has topped one million workers for four consecutive months. The county’s labor force reached a record 1,018,000 individuals in February and is 30,000 ahead of where it was in February 2021, the California Employment Development Department has reported. Only six of California’s 58 counties have …

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Inland Empire economy back on track

Inland Empire economy back on track

That’s the conclusion of a recent report that found a major surge in business activity in the region at the end of last year.  At least for now, the two-county region is outperforming the state in that economic category.     Two weeks after reporting that the Inland Empire has …

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IE manufacturing surges

IE manufacturing surges

Manufacturing in the Inland Empire surged in March, despite high gas prices and the disruption of some supply chains caused by Russia’s invasion of Ukraine. The region’s purchasing managers index last month was 62.2, seven and one half points higher than February’s index, according to data released Monday by the …

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Inland business activity stays strong

Business activity in the Inland Empire grew by 6.4 percent in the fourth quarter of 2021, up from 4.5 percent growth during the third quarter, according to data released earlier this week. The Inland economy “transitioned from recovery to expansion in the fourth quarter of 2021, the latest data available, …

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